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Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. said.
Supply of the steelmaking raw material will fall short of demand by 27 million metric tons next year, a gap that will be filled by imports, Citigroup analysts Catherine Wang and Thomas P Wrigglesworth said in a Dec. 4 report.
China’s $586 billion stimulus spending has boosted steel demand from property developers and automakers. Steel output in China may rise 14 percent to 570 million tons this year, Xu Lejiang, chairman of the nation’s biggest producer Baosteel Group Corp., said last week in Beijing.
“Coking coal is our favorite bulk commodity,” the analysts said in the research report. “With limited supply, the sector is set to benefit from high levels of steel production in China.”
Hidili Industry International Development Ltd., southwestern China’s largest producer of coking coal, gained as much as 2.9 percent to HK$9.35 and traded at HK$9.25 at 10:40 a.m. The stock has almost quadrupled this year.
Coking coal demand in China may increase 9 percent to 509 million tons from this year, while production will grow 10 percent to 482 million tons, the report said. The forecast is based on pig-iron production of 597 million tons next year, according to the report.
Benchmark coking coal prices have risen 10 percent since May to 1,260 yuan a ton in Pingdingshan, according to industry researcher Steelhome. Pingdingshan, a city in China’s central Henan province, holds China’s largest reserves of coking coal.
Source: Bloomberg
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Sunday, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore.
BDI hits a new high ...
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...
Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...
Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...
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- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- GMR Energy Limited - India
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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